can the dev team retrieve forgotten coins?

target

legendary

Activity: 2282

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Quote from: jwinterm on July 11, 2016, 10:04:15 AM

Quote from: raphma on July 11, 2016, 09:45:32 AM

nope. Who would invest in a coin like that?

Isn't this basically what ETH is about to do?

why do you say so, can you provide more details to this?

Quote from: Febo on July 11, 2016, 10:49:42 AM

Quote from: target on July 11, 2016, 08:59:15 AM

If lets say I leave my online wallet for more than 3 years that i didn't login to it.
Can the dev team ot an altcoin know where all the coins are and can retrieve the coins that aren't already being accessed for years?
For maybe they could assume the owner is dead.

If you want to forget of your investment for 3 years you need to buy PoW coins that have something that Bitcoin dont and will not have.
ICO is a project. Like Bitcrystals. Game will be out in September. Who knows if game will be still popular in 3 years time. So inventing in Bitcrystals fro 3 years time is a bit silly.

Which coin do you think is better for long term investment?
I was thinking of BRK hoping that the coin will eventually rise above later because there are lots of users who will be using it like the gamblers in the forum.

Febo

legendary

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Quote from: target on July 11, 2016, 08:59:15 AM

If lets say I leave my online wallet for more than 3 years that i didn't login to it.
Can the dev team ot an altcoin know where all the coins are and can retrieve the coins that aren't already being accessed for years?
For maybe they could assume the owner is dead.

If you want to forget of your investment for 3 years you need to buy PoW coins that have something that Bitcoin dont and will not have.

ICO is a project. Like Bitcrystals. Game will be out in September. Who knows if game will be still popular in 3 years time. So investing in Bitcrystals and 3 years dont look at it is a bit silly.

jwinterm

legendary

Activity: 3164

Merit: 1116

Quote from: raphma on July 11, 2016, 09:45:32 AM

nope. Who would invest in a coin like that?

Isn't this basically what ETH is about to do?

raphma

sr. member

Activity: 350

Merit: 250

nope. Who would invest in a coin like that? bitcoin have a lot of holders, people who bought it years ago and didnt move.
imagine if this were possible.

GreenBits

legendary

Activity: 1148

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Quote from: HCLivess on July 11, 2016, 09:09:27 AM

Nobody would do that, because if you dont own the private keys, you cannot prove the address is yours

This. I would also be very concerned if they were able to access your wallet without needing the correct/an actual priv key. Even if only a dev had this function, this would be a huge security issue and a possible vector of attack in the future.

If you don't control the key, you don't possess the coin.

electronicash

legendary

Activity: 3248

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Quote from: dwgscale11 on July 11, 2016, 09:28:32 AM

Quote from: electronicash on July 11, 2016, 09:26:39 AM

Thanks for confirming because I'm about to forget the coins i've bought from the ICO I've joined lately. The value seem frustrating and that I may have forget it for now.
I was thinking of dumping it but was also thinking maybe it will someday grow and that maybe i should leave it for now and be back to it after years. and hope the dev will surprise me. Cheesy

Learn from your mistakes, they are all scams.
Bitcoin and Litecoin is all you need. That is all, nothing else.

not all though.
I've invested to WAVES and RISE lately. i was thinking of also leaving it for now. its crazy duringthe first days of release though but it seem the price is going up now.

dwgscale11

sr. member

Activity: 335

Merit: 250

Quote from: electronicash on July 11, 2016, 09:26:39 AM

Thanks for confirming because I'm about to forget the coins i've bought from the ICO I've joined lately. The value seem frustrating and that I may have forget it for now.
I was thinking of dumping it but was also thinking maybe it will someday grow and that maybe i should leave it for now and be back to it after years. and hope the dev will surprise me. Cheesy

Learn from your mistakes, they are all scams.
Bitcoin and Litecoin is all you need. That is all, nothing else.

electronicash

legendary

Activity: 3248

Merit: 1055

Thanks for confirming because I'm about to forget the coins i've bought from the ICO I've joined lately. The value seem frustrating and that I may have forget it for now.
I was thinking of dumping it but was also thinking maybe it will someday grow and that maybe i should leave it for now and be back to it after years. and hope the dev will surprise me. Cheesy

HCLivess

legendary

Activity: 2114

Merit: 1090

=== NODE IS OK! ==

Nobody would do that, because if you dont own the private keys, you cannot prove the address is yours

target

legendary

Activity: 2282

Merit: 1041

If lets say I leave my online wallet for more than 3 years that i didn't login to it.
Can the dev team ot an altcoin know where all the coins are and can retrieve the coins that aren't already being accessed for years?
For maybe they could assume the owner is dead.

Topic: can the dev team retrieve forgotten coins? (Read 452 times)